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Lecture 12: Purchasing and Risk Management

Lecture 12: Purchasing and Risk Management EDA 757 / PPA 730 Education Policy Lecture 12 Outline Purchasing and inventory management: Objectives/tradeoffs Legal constraints Process Possible efficiency improvements Risk management: Risk identification Risk evaluation Risk reduction

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School District Competitive *Commodity Bidding Statute: AR 6-21-301:306 states if

School District Competitive *Commodity Bidding Statute: AR 6-21-301:306 states if purchase price is expected to exceed $10,000, the commodity shall be procured by soliciting bids. APPENDIX A LRSD Bidding Flowchart. * - Commodity is defined as all supplies, goods, material,

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Bidding statute - PowerPoint PPT Presentation

Lecture 12: Purchasing and Risk Management

School District Competitive *Commodity Bidding Statute: AR 6-21-301:306 states if